Knowledge, Innovation and Developing a Learning Culture Assignment

Knowledge, Innovation and Developing a Learning Culture - Assignment Example It is in the maxim of knowledge related activities that the role of Human Resource Management has gained importance. It is being argued that Human Resource professionals have not done enough to evolve as strategic business partners. The role of HRM needs to be much more than that of Strategic partners (Ulrich cited by Barton and Aughton). Ulrich (cited by Hartel et.al) has presented a range of market value drivers ranging from leadership credibility, strategic direction, and ability to create capacities. HR Managers are being increasingly asked to acknowledge and incorporate concepts like Knowledge, Innovation and a Learning Culture into their theory and practice. As of now, HRM lies at the starting of the Learning Curve and a lot more needs to be done. Knowledge, Innovation, and development of a Learning Culture lie at the heart of the change in HRM. We will briefly describe the three concepts to bring out the common thread that weaves them. Knowledge Management and Other Key Concepts Hartel et.al refer to knowledge as a coalescing of human experiences with information to transform from a ‘potential’ to ‘practical’ set of ideas that put into practice and yield competitive advantage. Hartel et.al a construct of tacit and explicit knowledge is further elaborated by Fahey and De Long (cited by Hartel et.al) as social and structured knowledge. Social or tacit knowledge develops as notions mostly in informal settings and structured knowledge develop in the formalized settings of an organization. Ingraining them as knowledge gives the â€Å"know how† to perform.